Vesting and Settlement of Award. Unless earlier terminated or forfeited, the Award will vest as to 25% of the RSUs on each of the first, second, third and fourth anniversaries of the Grant Date (each a “Vesting Date”), provided that the Participant remains continuously Employed through the applicable Vesting Date. The Company will be obligated to deliver to the Participant such number of shares of Stock equal to the number of RSUs that vest in accordance with this Section 4 as soon as practicable following the Vesting Date and in all events within sixty (60) days following the Vesting Date.
Vesting and Settlement of Award. The PSUs shall Vest in accordance with the criteria set forth in Appendix A hereto and be settled within thirty (30) days following the Determination Date. Any PSUs that do not Vest will be forfeited. 2024 PLAN: PSU-TSR
Vesting and Settlement of Award. The RSUs shall Vest in accordance with the criteria set forth in Appendix A hereto and be settled within sixty (60) days following the applicable Vesting Date.
Vesting and Settlement of Award. PSUs shall Vest in accordance with the criteria set forth in Appendix A hereto and be settled in accordance with Section 9(c) of the Plan. Any PSUs that do not Vest will be forfeited.
Vesting and Settlement of Award. RSUs shall Vest in accordance with the criteria set forth in Appendix A hereto and be settled in accordance with Section 9(c) of the Plan.
Vesting and Settlement of Award. Vesting and settlement of this Award is conditioned upon the satisfaction of the service conditions in subsection (i) below and the performance condition for any of the Performance Periods, each as set forth in Exhibit A, as provided in subsection (ii) below.
Vesting and Settlement of Award. (a) Subject to the terms and conditions set forth in this Agreement and the Plan, the Award granted hereby shall vest as set forth in the Notice of Grant and is subject to the other terms and conditions of this Agreement and the Plan. On each vesting date set forth in the Notice of Grant on which both the Performance-Based Vesting and Time-Based Vesting conditions are satisfied, the Participant shall be entitled to receive such number of shares of Common Stock (rounded down to the nearest whole share) equivalent to the number of RSUs as set forth in the Notice of Grant provided that the Participant is, and has been at all times since the Grant Date, an employee of the Company or any other entity the employees of which are eligible to receive RSUs under the Plan (an “Eligible Participant”). Such shares of Common Stock shall thereafter be issued by the Company to the Participant as soon as practicable following the applicable vesting date (such date, the “Original Issuance Date”), but in no event later than the date that is sixty days after the applicable vesting date and in accordance with this Agreement and the Plan.
Vesting and Settlement of Award. (a) Except as otherwise provided in the Plan, this Agreement or, if applicable, the Participant’s employment or service agreement with the Company or an Affiliate, the Stock Units will vest when the Committee determines the level of achievement of performance in accordance with Exhibit A. The Participant will receive one share of Common Stock for each Stock Unit that vests, with the issuance of such shares occurring within sixty (60) days after the end of the Performance Period or, if vesting occurs due to a Change in Control or termination of the Participant’s Service, within sixty (60) days after such event. Any Stock Units that do not vest will thereupon be cancelled and forfeited.
Vesting and Settlement of Award. (a) Subject to satisfaction of the performance goal(s) set forth in Appendix A and subject to the conditions in 4(a)(i), the Performance Share Units shall vest on February 15, 2027, or if later, after the date that the Committee certifies that the performance goal(s) set forth in Appendix A have been satisfied following the end of the Performance Period (such date, the “Vesting Date”). Except as provided in Paragraph 4(b) and subject to the satisfaction of applicable withholding taxes and other Tax-Related Items as set forth in Paragraph 8 below, such vested Performance Share Units shall be distributed to Participant within 30 days following the Vesting Date.
Vesting and Settlement of Award. (a) A total of [x]% of the Restricted Stock Units shall vest on the 15th day of each month in which the first, second, [and third] [third and fourth] [other] anniversaries of the Grant Date occurs (each, a “Vesting Date”), subject to Participant continuing to be an active employee or other service provider of: (i) the Company; (ii) another entity that owns a property managed by the Company following transfer of employment to such entity: or (iii) another entity that operates a franchised property under a brand of the Company but only if the Company specifically approves Participant’s continued vesting pursuant to this provision (as applicable, “Continuous Service”); provided, however, that the Restricted Stock Units shall not vest and all outstanding Restricted Stock Units shall be forfeited for no consideration if Participant has breached Paragraph 7 or committed Serious Misconduct prior to such Vesting Date.
